Leathergoods a major contributor to SA sales growth
17/08/2012
Retail trade sales increased by 8.3% in June, beating market
expectation of just 4.7% growth.
According to Statistics South Africa, leathergoods, textiles,
clothing and footwear sales rose 16.4%.
Economists at local bank Nedbank said: "Our
expectation is thus for consumer spending to lose momentum in the months ahead.
Our forecast for household consumption expenditure growth for 2012 is 3.5%.
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